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    108 North Main St Spavinaw, OK 74366

    Sponsored
    For Sale
    $165,000

    Commercial Building - Spavinaw, OK

    Property size:
    432 SF
    Lot size:
    0.17 Acres
    Days on Market:
    184
    Last Refresh:
    Jan 20 at 7:06 am

    Property Features for 108 North Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    490002409\7
    Parking features
    Garage
    Size
    432 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air, Propane (Heating)

    Building Details

    Year built
    2021
    Year renovated
    2021
    Floors in Building
    1
    Flooring type
    Tile, Vinyl
    Roof type
    Metal
    Architectural style
    Other

    We can help!

    Listing Contact
    JW Weldon Hughes

    Carey-Hughes Realty Advisors, Inc. (405) 949-0606

    Listing agent JW Weldon Hughes (405) 949-0606

    Listing date Jul 21, 2025

    MLS# 11343628 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spavinaw Commercial Building with Cafe

    Located at 108 North Main Street in Spavinaw, OK, this property features a 432± square foot diner building, along with 2 auxiliary buildings used for storage. The property includes 3 city lots, each approximately 25± feet by 100± feet, totaling .17± acres. Situated in a commercial area suitable for retailers, restaurants, and various office or business types, the level lot offers 75± feet of frontage on North Main Street (Highway 20) and is 100± feet deep. The cafe was built in approximately 2021. All utilities are connected to the property. The sale includes the business, a registered business name with the IRS, a complete POS computer system with payroll and accounting software, all kitchen equipment, freezers, refrigerators, and grills. The property is located 8 minutes south of Langley, OK, on Highway 20, across the street from The Dam Slice and Bradford's BBQ, and 2 blocks from Spavinaw Lake. The real estate taxes for 2021 were $120.00.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Coffee shops

    Suggested Use

    Restaurant Clothing Store Hotel & Motel Food Market Bar & Pub Smoke and Vape Shop Bed & Breakfast Italian Restaurant Pet Supply Store Farmer's Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spavinaw
    County
    Mayes
    State
    Oklahoma
    Longitude
    -95.047322
    Latitude
    36.389587

    Nearby Similar for Sale

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    • $435,000
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      Restaurant and Gallery in Spavinaw

      Restaurant and gallery near Spavinaw Lake, a destination location.
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    • $165,000
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      Spavinaw Office Building - $165K

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    • $165,000
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      Spavinaw Restaurant - Turnkey Opportunity

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    FAQs

    What type of property is this?
    Coffee shop - Commercial building with cafe, equipment, and business included.
    Where is this coffee shop located?
    The property is located at 108 North Main St Spavinaw, OK.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Includes business, registered business name, complete POS system, payroll & accounting system, all kitchen equipment, freezers, refrigerators, grills, and real estate.; - Cafe built in approximately 2021 with all utilities on the property.; - Highway location with 75\u00b1 feet of frontage on Highway 20.
    (405) 949-0606
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    108 North Main St Spavinaw, OK 74366
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    Spavinaw, OK 74366
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 North Main St Spavinaw, OK 74366
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    We can help!
    Listing Contact
    JW Weldon Hughes
    (405) 949-0606
    Learn more
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